Gnosis Pay review

Overview

Gnosis Pay is a self-custodial debit card issued by Monavate Limited under license from Visa Europe Limited. This card is designed for users who prefer to have full control over their funds, as it operates on the principle of “you own your keys,” allowing users to manage their assets through a Safe Smart Account. The card is currently available in the UK and EU, with plans for expansion into additional regions. Gnosis Pay supports transactions at over 80 million merchants worldwide that accept Visa, and it is integrated with both Apple Pay and Google Pay for seamless digital wallet payments.

One of the standout features of Gnosis Pay is its cashback program, which offers up to 5% cashback on eligible transactions. However, this benefit is gated based on the amount of GNO (Gnosis’s native token) held in the user’s wallet. This structure ties the card’s rewards directly to the user’s investment in the Gnosis ecosystem, which may appeal to existing GNO holders or those interested in engaging more deeply with the platform.

How it works

Gnosis Pay operates on a self-custodial model, meaning users have full control over their funds through a non-custodial wallet. This setup is particularly attractive to users who prioritize security and autonomy, as it allows them to manage their assets without relying on a third-party custodian. The card supports transactions in USDC and EURC, two popular stablecoins, and is built on the Ethereum, Polygon, and Gnosis Chain networks.

To use Gnosis Pay, users must complete a full KYC (Know Your Customer) verification process via Sumsub. This is a standard requirement for financial services to comply with regulations and prevent fraud. Once verified, users can top up their card with supported stablecoins and start making purchases. The card also supports wallet-to-wallet payments, offering an additional layer of flexibility for users who frequently transact in the crypto space.

Fees and value

While Gnosis Pay offers several attractive features, it’s important to note that the fee schedule—including annual fees, foreign exchange (FX) fees, and ATM withdrawal fees—is not published on the reviewed pages. This lack of transparency may be a concern for potential users who want to understand the full cost of using the card. Without this information, it’s difficult to assess the overall value proposition compared to other cards on the market.

That said, the absence of staking requirements is a positive aspect, as it allows users to benefit from the card’s features without locking up their assets. The cashback program, while gated by GNO holdings, can be a significant incentive for users who are already invested in the Gnosis ecosystem or are considering it.

Who it’s for

Gnosis Pay is best suited for users who value self-custody and are comfortable with the responsibilities that come with managing their own private keys. It is also ideal for those who are active in the crypto space and hold GNO or are interested in the Gnosis ecosystem. The card’s integration with Apple Pay and Google Pay makes it a convenient option for users who prefer digital wallet payments.

However, users who prioritize transparency in fee structures or are not interested in holding GNO may want to explore other options. For more self-custodial card options, you can visit our best self-custodial cards page.

For a detailed comparison of crypto cards, check out our crypto card comparison page. For more information on how we rate cards, visit our how we rate page.

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Our take

The standout option if self-custody matters to you — you spend directly from a Safe you control, which almost no other card offers.

Frequently asked questions